Here are a few words about trading with leverage!
Leverage trading – highly inadvisable, why?
Trading with leverage significantly increases the chance of losing your stake if market movements are contrary to your prediction. The higher the leverage, the smaller the price difference needed for your position to be liquidated.
Can you make a profit trading with leverage? Yes, it's possible, but in the long run, you will always be a victim of the system.
Conclusion: If you use leverage when trading, don't overdo it, don't put more than 1:5. Also, invest only as much as you can afford to lose, limit potential losses by setting a Stop Loss, and Isolated margin.
It is important to point out that there is really no market movement prediction theory or pattern recognition theory based on which you could predict prices. Think about it, everything is available on the internet, you have a lot of texts and video recordings about market movement prediction, and yet we are not rich? People mainly advertise how they make huge profits, but in essence, it's just a personal advertisement, and we fall into a trap. In principle, everything seems very simple: cheap purchase, expensive sale, but the main problem is patience. Patience is precisely the point, and luck. Good luck!!!
